Crypto Week Ahead: Fed Rate Cut, Do Kwon Sentencing, and Key Market Moves
This week, markets focus on the Federal Reserve, with the FOMC expected to cut U.S. interest rates by 25 basis points to 3.50%–3.75% on Dec. 10, according to CME’s FedWatch tool. Lower rates often drive flows into riskier assets, including cryptocurrencies and equities.
Legal Spotlight
Terraform Labs co-founder Do Kwon faces sentencing on Dec. 11 after pleading guilty to defrauding investors. Prosecutors seek 12 years, while the defense requests five. The collapse of UST and LUNA heavily impacted the 2022 crypto downturn.
Crypto Highlights
- Dec. 8: EstateX (ESX) launches for Unicorn Club members; ProCap Financial (BRR) begins Nasdaq trading; Enjin (ENJ) activates Senotsa upgrade; Hivemapper (HONEY) AMA.
- Dec. 9–10: Twenty One Capital (XXI) trades on NYSE; Celo Jello hardfork goes live; Kaia (KAIA) AMA; FOMC, Bank of Canada, and Brazil rate decisions; MoonDAO vote closes.
- Dec. 11–13: Do Kwon sentencing; Chia (XCH) AMA; Arbitrum DAO vote; EstateX public launch; Bittensor (TAO) halving; Xelis (XELIS) smart contracts; LINEA, APT, CHEEL token unlocks.
Macro & Governance
Key releases include Mexico inflation, U.S. ADP jobs and JOLTS report, Brazil inflation, and U.S. jobless claims. DAO votes continue for Celo, Aave, ENS, CoW, Gnosis, Moon, Arbitrum, and token launches include STABLE, WET, and LAVA.
This week is set for heightened market volatility, driven by monetary policy, regulatory developments, and crypto-specific events.
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